Yangon Airways Ltd. is an airline based in Yangon, Myanmar, offering scheduled and chartered domestic flights out of its bases at Yangon International Airport. It was suspended from December 2010 but has since restarted operations starting from 16 October 2011.
Yangon Airways was established in October 1996 as a domestic airline in a joint venture between Myanma Airways, the state owned flag carrier in Myanmar, and Krong-Sombat Company of Thailand. The airline bases its headquarters and maintenance station in Yangon. In October 1997, the current owner of the airline acquired the share of the Thai company, and then acquired the share of the Myanma Airways in 2005. Thereafter, the airline became a fully privately owned airline in Myanmar. The airline then evolved into a principal domestic service carrier, operating schedule and charter flight services from Yangon to 13 prime commercial and tourist destinations in Myanmar. During the past three years, Yangon Airways has been progressively gaining market share; it has about 37% in 2007 and increased to 41% in 2008. Due to the market demand and popularity of the airline, it has a good potential growth in the future.
As one of the main domestic airlines of the Union of Myanmar, Yangon Airways operate regular flights to Nay Pyi Taw (Capital City of Myanmar), Bagan, Mandalay, Heho (Inle Lake), Kyaing Tong, Tachileik, Myitkyina, Thandwe (Ngapali Beach), Sittway, Dawei, Myeik, Kawthaung, Lashio and charter flights to Bhamo, Putao, Kalay and others from main hub at Yangon International airport.
Yangon Airways operates a fleet of two ATR 72turboprop airliners. For a short period in early 2001, a single ATR 42 was additionally operated. In middle of 2013, Yangon Airways bought ATR 72-500 and operates with totally three aircraft